Several of us are currently thinking about how we might assist in overcoming this peculiar circumstance, which has been broken by corona pandemics. The COVID-19 challenge threatens disease control and crisis management, but it also has the potential to have long-term and far-reaching implications for states, society, and international collaboration.
There are rising indications that the globe will look different after the crisis, and that globalisation will be challenged in a number of areas.
The COVID-19 crisis, according to these conclusions, will be a watershed event. At times of enormous uncertainty, science is called upon to look forward and promote a reasonable discussion of how to respond to the current global crisis and, as a result, better cope with other significant global challenges such as climate change.
Not only do quick and vigorous policy steps need to be taken to contain the pandemic and save lives, but they are also needed to protect our society’s most vulnerable citizens from economic collapse and to ensure economic development and financial stability.
We are in the middle of a global health disaster unlike any other in the last century, one that is killing people, creating human suffering, and disrupting people’s lives. Yet this is more than simply a medical emergency. It is a humanitarian, economic, and social catastrophe. The coronavirus infection (COVID-19), classed as a pandemic by the World Health Organization (WHO), is wreaking havoc on communities.
According to the UN, the coronavirus pandemic could cause the world economy to contract by up to 1% in 2020, reversing a previous estimate of 2.5 percent growth. It also cautioned that if economic limitations are continued without effective financial measures, the economy might decline much worse.
The coronavirus outbreak is largely a public health issue, but it is also becoming increasingly economically significant. The “Covid-19” shock will induce a recession in some countries and a reduction of worldwide annual growth to less than 2.5 percent, which is often recognised as the global recessionary threshold.